CORRECT: El Paso Pipeline launches IPO of 25 million units

SAN FRANCISCO (MarketWatch) -- El Paso Pipeline Partners LP, a unit of El Paso Corp.
EP, -16.00%
launched an initial public offering of 25 million of its units, El Paso Corp. said late Thursday. The underwriters will be granted a 30-day over-allotment option to purchase up to 3,750,000 additional units. The units offered to the public represent 28.9% of El Paso Pipeline's outstanding equity. The units will be listed on the New York Stock Exchange and trade under the symbol "EPB." (Corrects source of statement)

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